US equities are battling to recover. VIX is due to settle far above the key 20 threshold.
sp’15min
VIX’60min
Summary
Regardless of whether we close marginally higher or lower, with a new multi-month low of 6331, its been a net bearish day/week.
I lean net bullish into the Fed, but this market is short/mid term BROKEN.
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notable stock: MU
Micron has one of the most bullish individual setups out there, ahead of earnings, Wed’ AH
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notable fin: AXP
Its one stock that continues to suggest I refrain from any fin shorts for a week or two.
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notable oil ETF: USO, 60min
I lean s/t bearish, but I’d sure not be short oil!
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notable silver ETF: SLV, 60min
Silver floored from a key price threshold.
*I’ll hold two April CALL blocks across the weekend.
back at the close…